CadCHF
Expecting price to rebound from the support (near 0.618), breaking the downtrend line and reverse. We also can see a head and shoulder is forming (a reversal pattern).
We buy if price close bullish above the trend line, suggested entry will be after the retest after break.
Our target will be 1.272, 1.618 and higher.
If price close below the smaller uptrend, we will look for sell. Continuing the descending channel.
We buy if price close bullish above the trend line, suggested entry will be after the retest after break.
Our target will be 1.272, 1.618 and higher.
If price close below the smaller uptrend, we will look for sell. Continuing the descending channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.